Shipping corporation, GRSE, BEL, HAL shares climb more than 10%; geopolitical tensions continue to lift defence stocks? Source link
Defence major Bharat Electronics Ltd (BEL) on Thursday, June 5, announced another new order worth Rs 2,323 crore from defence public sector undertakings Mazagon Dock Shipbuilders Ltd (MDL) and Garden Reach Shipbuilders & Engineers Ltd (GRSE). The order pertains to the provision of base and depot spares for missile systems that are installed on Indian…
Shares of Garden Reach Shipbuilders & Engineers (GRSE) jumped 10 per cent on Wednesday after the defence PSU signed a strategic agreement with Norway’s Kongsberg for indigenous construction of India’s first Polar Research Vessel (PRV). This has driven the stock to new lifetime highs making it one of the supreme leaders in the defence and PSU segment….
Defence stocks bucked the broader market trend on May 22, closing deep in the green as geopolitical momentum, government thrust, and fresh orders triggered sharp rallies in key counters. The Nifty India Defence index surged 2.07 per cent to settle at 8,453.75, extending gains for a second straight session even as headline indices witnessed a…